Revenue issued an e-brief last week outlining the new stamp duty exemption on acquisitions of stocks and marketable securities provided for by Finance Bill 2025. The note outlines the conditions applying to the exemption and the effective date of its introduction.
The exemption will apply where:
- The securities are admitted to trading on a regulated market or a multilateral trading facility within the EU, or on an equivalent third country market,
- the issuing entity’s market capitalisation was below €1 billion on 1 December in the preceding year, and
- a valid notification of the applicable market capitalisation was submitted to Revenue within the specified timeframe.
Where securities are admitted to trading after 1 December, the exemption may still apply if the issuer’s expected market capitalisation upon admission is below €1 billion.
Subject to enactment of the relevant provisions in Finance Bill 2025, the exemption will take effect from 1 January 2026 and remain in place until 31 December 2030.
As the exemption depends on timely notification to Revenue of the applicable market capitalisation, an overview of the proposed measure has been published on the Revenue website including instructions for submitting a notification together with links to the relevant forms.
Comprehensive guidance is expected to be issued once Finance Bill 2025 has been enacted.
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